The artificial intelligence (AI) market continues to grow rapidly. With many companies competing for supremacy in the field, investors have numerous options to choose from today. It’s not a bad idea to look to famous names on Wall Street for investing inspiration, either. Consider David Tepper, the billionaire founder of Appaloosa Management, a hedge fund.
During the first quarter, Tepper and his team decreased the fund’s stake in several high-profile AI players, including Amazon, Microsoft, and Nvidia. Meanwhile, positions in Facebook’s parent company, Meta Platforms (NASDAQ: META), increased during the period. Here’s why investors looking to cash in on AI should follow Tepper’s lead and purchase shares of Meta Platforms.
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